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Standard Life is suing 11 professional indemnity insurers after they refused to cover the £100m injection the provider made into the Standard Life pension sterling fund. In January 2009, Money Marketing revealed that Standard had cut the value of the £2.2bn fund, which had 97,000 customers, by 5 per cent. The provider’s marketing material stated […]

I know this is a phrase that is being bandied around a lot at the moment but the world is changing – the financial world in which we operate, that is. But, as ever, where there is change there is also opportunity and this is no more evident than in the pension sector where auto-enrolment […]

Coventry Building Society has issued a €650m covered bond. This is Coventry’s inaugural euro-denominated offering, following a sterling-denominated issue in April this year. Initially, the building society aimed for an issue of around €500m but it says a strong response led to a final order book of €750m, although Coventry decided on a total issue […]

Old Mutual Asset Managers UK has appointed Julian Ide as chief executive and head of global distribution. Ide takes over from chief investment officer and chief executive Peter Baxter who is leaving the firm to pursue other opportunities. The firm is not appointing a new CIO. Ide joins from BBVA Asset Management where he was […]

By James Dowey, Chief Economist and CIO, Neptune Investment Management The current volatility in global markets has precisely the same cause as had the major bout of volatility last August. As the Chinese RMB is pegged to the US dollar, US monetary policy gets exported to China. This means that a strong US economy and […]

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Ingram will be succeeded by Lord Debden, who was previously Apfa’s chair Former Wealth Management Association chairman Tim Ingram has stepped down as chair of the Personal Investment Management and Financial Advice Association board. According to a Companies House filing, Ingram’s position was terminated as of 19 September. He formally stepped down from his Pimfa […]

Seven firms have joined Fairstone so far this year Two more advice firms are joining consolidator Fairstone, adding seven new advisers and £200m in funds under management. Chartermarque, which is based in Glasgow and London, and Hammett & Petch, based in Milton Keynes and Bracknell, have signed up to Fairstone. Fairstone chief executive Lee Hartley […]